June 24, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Final Magic Circle Firm Matches • Century-Old, International Law Firm Hikes Associate Pay • Well, At Least First Year Associates Will Be Happy… • Kanye’s Law Firm Issues Raises For Associates • A Leading IP Litigation Boutique Matches — With Big Bonuses Still To Come • Answering Your Complaints About The ‘Cost Of Living’ Post • Biglaw Firm Does Right By Junior Associates, Mid-Levels and Senior Associates Not So Much • Haynes and Boone Increases Associate Salaries • Washington-Based International Law Firm Raises Salaries Accordingly
(DBN)

Do In-House Counsel Care About Associate Pay Raises?
(DBN)

What’s Up With Counsel Salaries?
(DBN)

Law School’s Name Change Sparks Ire, Potential Lawsuit
(DBN)

Law Schools Are Going Online to Reach New Students
(DBN)

Email scam targets lawyers with fake disciplinary warnings, bar announcements
(DBN)

What To Do When You’re Too Busy
(DBN)

Jones Day Brand - Is it in play?
(DBN)

Brexit — a Boon for Law Firms? • Law firms brace to face the Brexit unknown • Brexit: London firms trigger contingency plans as Britain votes to leave EU
(DBN)

A world champion public speaker reveals the best way to end any presentation
(DBN)

Reinventing The Law Business: A Potential Impediment To Growth, Culture, And Client Development
(DBN)

Suit says Jones Day manager was micromanaged and laid off after pregnancy leave
(DBN)

How To Create A Global Professional Network From Your Desk
(DBN)

Why law schools need to teach more than the law to thrive (or survive)
(DBN)

Supreme Court Blocks Obama's Immigration Plan
(DBN)

Affirmative Action Is Here to Stay • On Affirmative Action, Supreme Court Rules for Humility
(DBN)

Jury finds Led Zeppelin did not steal intro to 'Stairway to Heaven'
(DBN)

Firm offers kisses to staff
(DBN)

Baltimore police officer acquitted of all charges in Freddie Gray’s death
(DBN)

______________

Judges:

The Best Transcript Of All Time? You Be The Judge.
(DBN)

Senate Dems troll GOP, demand they play annual baseball game with 8-person team in nod to the Supreme Court
(DBN)

Scalia's death, Senate inaction leave Supreme Court in bind
(DBN)

Study finds a ‘gavel gap’ between diversity of judges and that of the populations they serve
(DBN)

17 photos that give a rare behind-the-scenes look at the Supreme Court
(DBN)

Benchslaps All Around: Watch Out For Those Wiccans
(DBN)

______________

Wall Street:

Historic Brexit vote sets U.S. stocks up for ugly open
(DBN)

Global markets are getting destroyed • Carnage as U.K., Europe stocks sell off after win for Brexit • World stocks in freefall as UK votes for EU exit
(DBN)

Stocks close higher as Wall Street bets UK will vote to stay in EU
(DBN)

Life as an investment banker is miserable right now
(DBN)

Goldman, other U.S. banks, on track for brutal day as Brits vote for Brexit
(DBN)

______________

Layoffs:

Deutsche Bank to cut 3,000 staff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Paper:

Verso's Plan of Reorganization Confirmed by Bankruptcy Court
(DBN)

____________

Telecoms:

BlackBerry loss widens as it books charges
(DBN)

____________

Banking:

Husband and Wife Owners of First Mutual Bancorp of Illinois Indicted in Scheme to Hide Millions of Dollars in Cash and Assets from Creditors
(DBN)

Fed Stress Tests: All Big Banks Clear Bar for Capital Requirements
(DBN)

The Fed's Bank Stress Tests Aren't Credible • What Are the Question Marks in Fed's Stress Tests?
(DBN)

US bank stocks get hammered after UK vote shocker
(DBN)

____________

Retailing:

Uniqlo And PacSun Flirt With Chapter 11
(DBN)

Sports Authority to have until September to file creditors plan
(DBN)

____________

Healthcare:

Hotel-Like Hospital Sells After Bankruptcy
(DBN)

____________

Shipping:

The Surprising Relevance of the Baltic Dry Index
(DBN)

____________

Alternative Energy:

Elon Musk Just Lost His Biggest Wall Street Fan
(DBN)

Tesla, Solar City Have an Elon Musk Problem
(DBN)

____________

Tax:

Hedge Fund Still Wants Its Tax-Avoidance Profits
(DBN)

____________

Electricity:

Dallas-based Hunts going to court vs. Texas' PUC over plan to buy Oncor
(DBN)

____________

Corporate Reform:

Is the SEC Creeping Between Law Firms, Auditors and Public Companies?
(DBN)

____________

Environmental:

With help from bankruptcy , cleanup of mine at former Idaho boom town begins
(DBN)

____________

Fraud:

Premier Cru lawsuit: Some customers to get refunds
(DBN)

'Everyone was doing it!': The LIBOR rigging scandal
(DBN)

____________

Bankruptcy Crimes:

Oak Brook Couple Indicted on Bankruptcy Fraud Charges
(DBN)

____________

Economy:

Weekly Initial Unemployment Claims decrease to 259,000 • New Jobless Claims Fall to 43 Year Low
(DBN)

Half of the high-paying jobs in America now require this skill
(DBN)

Leading indicators dip as unemployment claims spike
(DBN)

Kansas City Fed: Regional Manufacturing Activity "Increased Slightly" in June
(DBN)

Yellen and Draghi's Policies Aren't So Easy After All
(DBN)

Brexit 101: What just happened, and why it's important for Americans • Here's what Jamie Dimon expects from a post-Brexit world • Brexit bombshell just torpedoed any chance of a Fed rate hike soon • Fed's Kaplan more patient on rate hikes, watching UK vote • Global central banks pull out stops to calm jittery markets • Traders weigh chance of Fed cutting U.S. rates after Brexit • Brexit’s Economic Chill Depends on Three Unknowns • Companies Scramble to Assess Vote’s Impact
(DBN)

Mortgage Lending to Poor Didn't Cause Crisis
(DBN)

The 10 highest-earning cities in the US
(DBN)

Inside The Best And Worst States To Make A Living In 2016
(DBN)

Myth of Austerity and Economic Growth
(DBN)

This is the best research we've seen on the state of the US consumer, and it makes for a grim reading
(DBN)

Medicare to be insolvent 2 years earlier than previously expected
(DBN)

Ryan, House tax reform plan would slash individual, corporate tax rates
(DBN)

Survey: Credit Card Use Strong Among Millennials
(DBN)

Hotels: Occupancy Rate Tracking just behind Record Year
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

New Home Sales decreased to 551,000 Annual Rate in May
(DBN)

Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in May
(DBN)

Several Correspondent Lenders Settle With ResCap
(DBN)

Are 3% down mortgages the new normal?
(DBN)

California pending home sales rebound in May
(DBN)

____________

Municipalities:

Puerto Rico Governor Says Shutdown Won’t Prevent July 1 Default
(DBN)

Puerto Rico Lawsuit Suggesting Split Among Bond Investor Groups
(DBN)

House Approves Puerto Rico Bailout; Short-Changes Bondholders
(DBN)

Puerto Rico : Can Congress Provide Relief?
(DBN)

Sanders pitches his Puerto Rico plan to Latino lawmakers
(DBN)

Young Puerto Ricans bucking the flow: Heading home to rebuild their island
(DBN)

The Demise of Puerto Rico Is in Part Attributed to U.S. Congressional Action
(DBN)

How Would CPS Bankruptcy Work?
(DBN)

Is It Time for Chicago to Embrace the B-Word: Bankruptcy ?
(DBN)

____________

Oil/Gas:

Houston Bankruptcy Judge Takes Step Toward Recharacterizing Term Over Riding Royalty Interest As Loan
(DBN)

Crude-oil prices walloped as U.K. votes in favor of Brexit
(DBN)

The Rotten State of US Oil Reserves
(DBN)

Energy Investors Celebrate Price Rebound, Then Call the Lawyers
(DBN)

Drillers may return to dormant wells as confidence in recovery grows, Rystad says
(DBN)

Oil Producers Keep Output Freeze Revival on Standby if Prices Weaken
(DBN)

US Oil Companies Crank Up Production in Gulf of Mexico
(DBN)

Oil Patch Problem Shows Loan Losses on the Rise
(DBN)

Saudi Arabia declares cease-fire in oil war
(DBN)

BP CEO: Global oil markets in “better balance” • BP's Dudley Sees Oil Markets Balancing With $50 Crude This Year
(DBN)

FirstEnergy Expects Crude Oil Price to Hit $70 in 2018
(DBN)

Hercules Takes Flak Over Return to Bankruptcy
(DBN)

Watchdog Seeks Cuts to Linn Energy Bonuses
(DBN)

____________

Autos:

VW is reportedly going to pay customers up to $7,000 each to end a scandal
(DBN)

____________

Politics:

The Trump Campaign Gets a $50 Million Donation• Has Trump Finally Entered His Death Spiral? • Donald Trump’s entire financial history in one short video • Trump's company tricked investors. Here's how • Trump's $2 trillion trade war threatens to hit your state • Poor Donald • Obama: Business Leaders Don’t Think Trump Is the Greatest Businessman in U.S. • Can Trump Think? • Donald Trump's 'strange' morning habit tells you everything you need to know about him • Trump No-Show Earns City’s Ire In Bench Battle • Donald Trump cheers Brexit: 'They took their country back, just like we will take America back'
(DBN)

Donald Trump says UK voters 'took back control of their country'
(DBN)

Hillary Clinton: The Supreme Court just raised the stakes for this election • Clinton failed to hand over key email to State Department • Clinton's State Dept. calendar missing scores of entries
(DBN)

Obama set back by top court on immigration, then slams Trump plan as 'fantasy'
(DBN)

Congressional Hopeful's White People Promise
(DBN)

Political dysfunction is the new normal, as Brexit and NoBillNoBreak show • How American Politics Went Insane
(DBN)

____________

Education:

Corinthian Colleges Used Recruiting Incentives, Documents Show
(DBN)

This is the best college in America to attend if you want to make a high salary
(DBN)

____________

Coal:

Warren Resources: Assets May Be Worth $250 Million To $300 Million
(DBN)

Lenders Deny BHP Port Debt on Coal Worries
(DBN)

____________

Shipping:

Moody’s Downgrades Shipping Sector Outlook
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1) • (2) •(3) •(4)• (5) •(6) •(7) •(8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Health Care Chapter 11 Filings Are Rising
(DBN)

______________

Cross-Border:

‘What a Legend’ – Court rejects recognition of foreign proceeding and orders wind up in the face of Chapter 11 bankruptcy
(DBN)

____________

TBTF:

Bank Are Still Too Big to Fail, Finding Solutions Urgent: Fed’s Kashkari
(DBN)

Biggest U.S. Banks Seen Weathering Severe Stress in Fed Test
(DBN)

____________

Bankruptcy Remoteness:

What does it take to be voluntary?: Courts negate blocking director/member LLC provisions
(DBN)

____________

Mediation:

A 2011 Judicial Scolding Had No Discernible Effect on Mediation Efforts (Nortel Networks Bankruptcy, Part Five)
(DBN)

____________

Preclusion:

The Res Judicata Effect of Bankruptcy Court Judgments: The Procedural and Constitutional Concerns
(DBN)

____________

Executory Contracts:

According to One Bankruptcy Court, the “Wrangle Over Executoriness May be a Tale ‘Full of Sound and Fury, Signifying Nothing’”
(DBN)

____________

Cross-Border:

Anguilla Private Bank Seeks to Shield Client Names in Bankruptcy
(DBN)

____________

Trustees:

Ex-trustee sentenced to 6 months in federal prison for embezzlement
(DBN)

____________

Professional Fees:

California’s Fee-Shifting Statute Still Does Not Apply to Lift-Stay Motions
(DBN)

____________

UK:

Stunner: Brexit Wins, UK Votes To Leave EU • ‘Panic’ and ‘bloodbath’ — analysts react to U.K.’s decision to Brexit • Britain Votes For Brexit • Brexit: A Tale of ‘Ancient Ethnic Hatreds’ • Pound tumbles to more than 30-year low as U.K. heads toward Brexit • This map shows how divided the United Kingdom is right now • Brexit: Brace yourself for the world’s most complex divorce • Brexit: How did the UK surprise the world? • S&P says Britain's 'AAA' credit rating untenable after Brexit vote: Report • Want even more Brexit info? • Here's Deutsche Bank's best guess at what happens now • Brexit – What Next? • British Pound Hits 31 Year Low • Google search spike suggests people don't know why they Brexited • Brexit isn’t about economics. It’s about xenophobia. • Dealmakers Feel Brexit Blues After ‘Biggest Demerger in History’
(DBN)

Scotland is already considering following UK to the exit
(DBN)

Britain's banking stocks crashed by as much as 30%
(DBN)

Carney: Bank of England will provide £250 billion of new capital to prop up markets
(DBN)

The private shame of thrice bankrupt BHS buffoon Dominic Chappell
(DBN)

Morgan Stanley: Helicopter money may be the next step for Britain
(DBN)

David Cameron is resigning
(DBN)

BHS' owner, who bought the bankrupt department store for £1, allegedly tried to spend company money on a holiday • Dominic Chappell accused of treating BHS money as his own
(DBN)

To whom does privilege belong in insolvency?
(DBN)

____________

EU:

European stocks face worst day since 1987 as U.K. votes to ditch the EU
(DBN)

Now that Brexit's a lock, here are the other EU countries that poll high to 'exit' • After Brexit, will there be further cracks in European Union? • EU's task No. 1: stop further unraveling in other EU nations • From Edinburgh to Gibraltar, Brexit vote sparks new claims
(DBN)

The dominoes are starting to fall in Europe post-Brexit
(DBN)

A Bad Day for Europe
(DBN)

____________

PIIGS:

Novo Banco offers exit route to senior bondholders
(DBN)

Spain wants 'co-sovereignty' in Gibraltar after Brexit
(DBN)

Spanish, Italian Bonds Tumble as U.K. Vote Punishes Peripherals
(DBN)

____________

Canada:

Home Affordability Worsens in Canada
(DBN)

Penn West Concerned Alberta Rule Change Will Hinder Asset Sales
(DBN)

Oilpatch observers reflect on crude price crash losses
(DBN)

____________

Brazil:

Oi’s bankruptcy filing doesn’t mean it’s down and out just yet • Brazil bankruptcy shows up bad debt dynamics • Oi bankruptcy latest chapter in Brazil telecoms soap opera • Bond group grows ahead of Brazil's Oi bankruptcy plan -sources • Another casualty of Brazil’s battered economy • Oi bankruptcy rattles global supply chain •Brazil's Oi says bankruptcy protection recognized in England, Wales
(DBN)

____________

Russia:

Russian Retailers Run into Trouble
(DBN)

____________

Venezuela:

Venezuela is on the brink, and the 'Maduro approach' is not working
(DBN)

____________

Bahamas:

Two Bidders Reach Baha Mar Shortlist
(DBN)

____________

China:

What’s In A Number? For China’s Bad Loans, A Host of Fine Print
(DBN)

____________

 

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Copyright 2016